Paramount has announced the appointment of Reemah Sakaan as the new President of its UK public service broadcaster, 5. She will start the role on January 27th and will report to Kevin MacLellan, Paramount’s President, International and Global Content Distribution. Sakaan was most recently Global CEO of BritBox International, the streaming service operating in eight […]
Netflix looks set to switch to an all-cash offer to push ahead with its takeover of the studios and streaming businesses of Warner Bros Discovery (WBD), and fend off a rival bid from Paramount Skydance. The alterations to Netflix’s $83 billion (€71.3bn) offer – initially a current cash-and-stock submission – are designed to accelerate the […]
Paramount CEO David Ellison said his company has filed a suit against Warner Bros Discovery (WBD) seeking greater financial disclosure of the Netflix deal. Additionally, Ellison said his company plans to nominate its own slate of directors for WBD’s board who they believe would vote against the deal with Netflix. WBD’s board rejected Paramount’s latest […]
Warner Bros Discovery (WBD) has once again advised its shareholders to reject an “inadequate” $108.4 billion (€92.7) takeover bid by Paramount Skydance amid the ongoing duel with Netflix to take control of the media conglomerate. “The Board unanimously determined that the Paramount’s latest offer remains inferior to our merger agreement with Netflix across multiple key […]
Paramount and Warner Bros Discovery (WBD) certainly compete for the dubious honour of the ugliest kids in the family of media giants. Both badly need a suitor, and Paramount made it to the altar first. But, you know, marry in haste and all that. Skydance was the only serious caller and so became the partner/owner. […]
Paramount+ has announced that Mayor of Kingstown has been renewed for an eight-episode fifth and final season, starring Oscar nominee Jeremy Renner and Emmy and Golden Globe winner Edie Falco. The series is co-created by Taylor Sheridan and Hugh Dillon. The fourth season, which currently has a 100 per cent rating on Rotten Tomatoes, ended […]
David Ellison’s father, the Oracle founder Larry Ellison, has agreed to personally backstop the $40.4 billion (€34.3bn) in equity financing connected to the deal, and has agreed not to revoke the Ellison family trust or adversely transfer assets in the trust while any deal is pending. “Paramount has repeatedly demonstrated its commitment to acquiring WBD. […]
Warner Bros Discovery (WBD) has announced that its Board of Directors has unanimously rejected Paramount Skydance’s $108 billion+ takeover bid. Paramount had attempted to gatecrash Netflix’s acquisition of WBD with an offer of $30 a share, declaring that it was “superior” to the streaming giant’s $72 billion deal initially struck with WBD. “Following a careful […]
SkyShowtime has announced the launch of dedicated, on-demand streaming channels on its platform, offering subscribers a selection of curated entertainment. Rolling out in Sweden immediately and across SkyShowtime’s other markets next year, the new feature will give users the chance to discover some of SkyShowtime’s most popular franchises such as Dexter, House, PAW Patrol, Star […]
The battle for control of Warner Bros is hotting up, but Pivotal Research Group, a New York-based equity investment house, has firmly downgraded its view on Netflix from ‘Buy’ to ‘Hold’. Analyst Jeff Wlodarczak summed up its position saying it is concerned that short-form content (from the likes of TikTok, Instagram, X, YouTube and Snap) […]